Parliament Approves Budget Amidst Fierce Criticism
In a move that has sparked widespread controversy, Parliament has approved the national budget for the upcoming fiscal year amidst fierce criticism from opposition parties, economists, and sections of civil society. The budget, which outlines key allocations for infrastructure, defense, health, and education, has been labeled by critics as unbalanced, overly ambitious, and lacking in transparency.
The ruling party hailed the budget as a bold step toward economic recovery and national development, especially in the wake of global economic challenges. Government ministers emphasized increased spending on large-scale infrastructure projects, technological innovation, and defense modernization as crucial investments for the country’s future. They argue that the budget reflects a long-term vision focused on self-reliance, job creation, and boosting investor confidence.
However, opposition lawmakers and independent analysts have voiced strong objections. A key point of contention is the significant increase in defense spending, which comes at the expense of cuts to social welfare programs and public sector wages. Critics argue that the budget disproportionately favors elite interests while neglecting pressing issues such as healthcare, education quality, rural development, and rising unemployment.
Several members of the opposition walked out during the final parliamentary vote, accusing the government of ignoring expert advice and rushing the approval process without sufficient debate or stakeholder engagement. Accusations of fiscal irresponsibility and unrealistic revenue projections have also surfaced, with economists warning that the budget could lead to increased national debt and inflationary pressures if not managed carefully.
Civil society groups and labor unions have also expressed concern. Many have taken to the streets in protest, demanding more inclusive budgeting and equitable distribution of public funds. Healthcare workers and educators, in particular, have condemned the modest increases in funding for their sectors, calling them insufficient to address long-standing systemic issues.